Bitcoin’s (BTC) price has struggled to regain momentum following Wednesday’s drop to $100,700, leaving BTC down roughly 3.5% on the weekly candle. Market data shows long-term holders have sold more than 815,000 BTC over the past 30 days, intensifying the focus on lower liquidity pockets. Analysts now point to the June 2025 lows near $98,000 as the next likely target if volatility accelerates. Key takeaways: Liquidity clusters show downside pressure building near $98,000 for Bitcoin. A fourth retest of $102,000 to $100,000 support signals a weakening structure. Futures trader positioning…
Category: Bitcoin News
21Shares Launches Crypto Index ETFs Under SEC’s 1940 Act
Asset manager 21Shares has launched two cryptocurrency index exchange-traded funds (ETFs) regulated under the Investment Company Act of 1940, a structure that could boost investor confidence by subjecting the products to the same disclosure and governance rules that apply to traditional US investment funds. The new products — the 21Shares FTSE Crypto 10 Index ETF (TTOP) and the 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC) — were announced on Thursday. Both offer broad exposure to digital assets by tracking FTSE Russell cryptocurrency indexes and holding a basket of the…
OKX Launches DEX Trading for US Users Amid Record Volumes
Cryptocurrency exchange OKX, traditionally known for its centralized trading services, is expanding into decentralized finance with a new feature that lets US users trade tokens directly on decentralized markets. The DEX trading option, available through the OKX app, allows users to buy and sell tokens while retaining control of their digital assets. Trades are executed via self-custody wallets, meaning users hold their own private keys rather than storing funds on the exchange. According to OKX, the feature provides access to millions of tokens across Solana, Base and X Layer, which…
Crypto Market Mood Hits Deep Fear as Gold Leaves Bitcoin Behind
Bitcoin (BTC) and crypto traders are their most afraid in over six months as BTC price action clings to $100,000. Key points: Bitcoin and altcoins plunge to their deepest “extreme fear” levels since March this year. Crypto could be nearing a market inflection point, based on sentiment data. Gold steals the show from crypto and stocks as the US government shutdown ends. Data from the Crypto Fear & Greed Index on Wednesday confirms that traders are now deep in the “extreme fear” zone. Bitcoin, crypto sentiment at seven-month lows Bitcoin…
Czech National Bank Buys $1M BTC, Crypto to Test Crypto Reserve
The Czech National Bank (CNB), the central bank of the Czech Republic, announced on Thursday the purchase of cryptocurrencies worth $1 million for the first time to test a digital asset reserve and gain “practical experience” in handling digital assets. CNB’s reserves will include Bitcoin (BTC), one US dollar-pegged stablecoin and one tokenized bank deposit, according to the announcement. The bank said that while the test is intended to study crypto and prepare the bank for international adoption to remain globally competitive, it is not planning to adopt a digital…
Acurast Raises $11M to Use Phones for Confidential Compute
Smartphone-based decentralized confidential compute project Acurast has raised $11 million, claiming tamper-resistant execution on consumer phones and secure hardware verification. According to a Thursday announcement shared with Cointelegraph, Acurast raised $11 million from Ethereum co-founder and Polkadot founder Gavin Wood, MN Capital founder Michael van de Poppe and GlueNet founder Ogle, among others. The project aims to launch its mainnet on Nov. 17, and plans to release its native token ACU alongside it. Acurast founder Alessandro De Carli said “billions of smartphones are the most battle-tested hardware on earth” and…
Ethereum Whales Hold Billion in ETH, Sparking $4K ETH Price Hopes
Despite the Ether (ETH) price drawdowns, whales continue to buy hundreds of thousands of ETH, sparking hopes for a short-term recovery. Key takeaways: An Ethereum whale increases stash to $1.3 billion in ETH, signaling accumulation. Whales, BitMine and ETFs add billions of dollars in ETH, reinforcing bullish demand. V-shaped recovery pattern emerges, targeting $4,000 ETH price. Ethereum whales buy the dip Responding to the market correction over the last week, Ether whales took advantage of the ETH price drop to $3,000. An unknown whale has accumulated more than 385,000 ETH…
Why Crypto’s Infrastructure Hasn’t Caught Up With Its Ideals
Periodic service disruptions and capacity strain on centralized cloud infrastructure have created an opening for companies building distributed networks. Supporters of the distributed approach argue that spreading workloads across several smaller nodes reduces concentration risk. They say the model could be especially valuable in sectors with high computing demand and low tolerance for downtime, such as AI, gaming and finance. “Over time, as decentralized infrastructure matches or exceeds the performance of centralized clouds, reliance on single providers will naturally decline,” Carlos Lei, CEO and co-founder of DePIN-based connectivity marketplace Uplink,…
Circle Enters World’s Largest Financial Market With Onchain FX Engine
Circle is expanding into the foreign-exchange market, positioning stablecoins as a tool to modernize one of traditional finance’s most entrenched systems. The issuer of USDC (USDC) on Thursday unveiled Circle StableFX, an institutional onchain FX platform built on Arc1, the company’s forthcoming layer-1 blockchain, according to a news release shared with Cointelegraph. Circle also introduced Circle Partner Stablecoins, a program designed to support regulated regional stablecoins. Trading in the global FX market reached $9.6 trillion per day in April, up 28% from 2022, according to data from the Bank of…
Crypto Scam Leverages Australian Government Infrastructure
Cryptocurrency scammers have impersonated Australian police and exploited government infrastructure to pressure victims into handing over their digital assets, the Australian Federal Police (AFP) said Thursday. The AFP said scammers used the local cybercrime reporting tool ReportCyber to submit reports about their targets. At a later time, they contact the victims posing as police and inviting them to check the report on government websites, lending credibility to the scammers. In one case, the scammers warned the victim that they would be contacted by a representative from a crypto company, who…